Suzhou Tunico Solar Co., Ltd. Regulations on Resignation and Dismissal Management for Directors and Senior Management
Chapter 1 General Provisions
Article 1 To regulate the resignation and dismissal management of directors and senior management of Suzhou Tunico Solar Co., Ltd. (hereinafter referred to as the "Company"), ensure the stability of the company's governance structure, and protect the legitimate rights and interests of the company and shareholders, these regulations are formulated in accordance with the relevant laws and regulations such as the "Company Law of the People's Republic of China," the "Guiding Opinions on the Articles of Association of Listed Companies," the "Articles of Association of Suzhou Tunico Solar Co., Ltd." (hereinafter referred to as the "Articles of Association"), and in combination with the actual situation of the Company.
Article 2 These regulations apply to the resignation, term expiration, and dismissal of directors (including independent directors) and senior management of the Company.
Chapter 2 Resignation Circumstances and Effective Conditions
Article 3 Directors may resign before the expiration of their term. Directors who resign shall submit a written resignation report to the Company. The resignation shall take effect on the date the Company receives the resignation report, and the Company shall disclose the relevant information within two trading days. If the resignation of a director results in the number of directors on the board falling below the legal minimum or if the resignation of an independent director causes the proportion of independent directors on the board or its special committees to fail to meet the requirements of laws and regulations or the "Articles of Association," or if there is a lack of an accounting professional among the independent directors, the original director shall continue to perform director duties in accordance with laws, administrative regulations, departmental rules, and the "Articles of Association" until a newly elected director takes office.
Article 4 Directors who do not get re-elected upon the expiration of their term shall automatically step down from the date the shareholders' meeting resolution is passed.
Article 5 The shareholders' meeting may resolve to dismiss non-employee directors, and the employee representative assembly may resolve to dismiss employee representative directors. The dismissal shall take effect on the date the resolution is made. The board of directors may resolve to dismiss senior management, and the dismissal shall take effect on the date the resolution is made. If a director or senior management is dismissed without just cause before the expiration of their term, the director or senior management may claim compensation from the Company.